Middle East Specialized Cables Co. Announces the Results of the Ordinary General Assembly Meeting, ( Second Meeting )
| Element List | Explanation |
|---|---|
| Introduction | Middle East Specialized Cables Company (MESC) announces the results of the Ordinary General Assembly Meeting (Second Meeting) as the quorum for the second meeting is the attendance of any of the company's shares. |
| City and Location of the General Assembly's Meeting | Riyadh - The company's headquarters King Abdulaziz District Salahuddin Al-Ayoubi Street via modern technology. |
| Date of the General Assembly's Meeting | 2024-06-06 Corresponding to 1445-11-29 |
| Time of the General Assembly’s Meeting | 21:00 |
| Percentage of Attending Shareholders | 18.42 |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The following Board members were attended the meeting:
1) Mr. Yahya bin Ibrahim Al-Qunaibit (Chairman of the Board of Directors)
2) Eng. Ali bin Abdul Razzaq Al-Ghamdi (Vice Chairman)
3) Eng. Suliman bin Mohammed Al-Namlah
4) Eng. Saad bin Saleh Al-Azwari
5) Eng. Mohammed bin Abdulaziz Al-Namlah
6) Mr. Majed bin Ahmed Al-Suwaigh
7) Eng. Hathal bin Safar Al-Otaibi
8) Mr. Mohammed bin Ali Al-Ajmi |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | 1) Eng. Hathal Safar Al-Otaibi (Chairman of the Audit Committee).
2) Eng. Ali Abdul Razzaq Al-Ghamdi (Chairman of the Executive Committee).
3) Mr. Majid Ahmed Al-Suwaigh (Chairman of the Nomination and Remuneration Committee). |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1-The Board of Directors’ report for the financial year ending on 31-12-2023 has been reviewed and discussed.
2-Approved the auditor's report for the fiscal year ended on 31/12/2023 after discussing it.
3-The financial statements for the fiscal year ending on 31-12-2023 has been reviewed and discussed.
4-Approved the appointment of the Alkharashi & Co. Certified Accountants and Auditors auditor from among the candidates based on the recommendation of the Audit Committee to examine, review and audit the financial statements for the second, third and annual quarters of the fiscal year 2024 and the first quarter of the fiscal year 2025 and total fees SAR (495,000) excluding (VAT).
5-Approved the amendment of the Remuneration policy of the Board of Directors, Committees and the Executive management. |
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